NanoViricides Inc. (NNVC)

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TAX MOTIVATED SELLING HITS STOCKS THAT HAVE BEEN IN DECLINE

and so it serves as an accelerant. Most tax loss selling occurs between 11/15 and 12/15, though there is some outside of this period. Tax selling is most pronounced in years when the stock market in aggregate has been on a rise. This allows investors to harvest gains but minimize their tax impact by taking the losses on stocks like NNVC.

I expect tax selling to hit NNVC this year strongly and for that reason think that will be the acid test of the long-term support.

In the most recent phase of decline, the stock had 13 consecutive days without a higher daily range. Declines, or rallies using lows of the daily range, that this persistent are indicative of a trend that is unlikely to reverse.

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